Credit union · NCUA insured
LOCO Credit Union
A $62M credit union headquartered in Alamogordo, NM, with 4,308 members and 1 branch in New Mexico. Best rates: CDs 2.63% and savings 0.30% APY.
LOCO Credit Union Carrot Score
74
Carrot Score
Higher than 36% of U.S. banks and credit unions
#4 of 7 in Alamogordo, NM metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About LOCO Credit Union
LOCO Credit Union was organized and state chartered in January 1953 as Otero County Schools Credit Union, based in Alamogordo, New Mexico.
In 2007, it became a community-chartered credit union and currently serves ten counties across New Mexico.
- Headquarters
- 808 Washington Ave, Alamogordo, NM 88310-5166
- NCUA charter
- 66117
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to residents of Otero County.
Employers and groups
- Membership is open to employees of LOCO Credit Union.
Military, government and schools
- Membership is open to active Board of Regents, School Board members, and School employees in Lincoln, Catron, Socorro, Torrance, Guadalupe, DeBaca, Hidalgo, Union, and Harding Counties.
- Membership is open to Loving School Employees in the State of New Mexico.
Family and household
- Membership is open to immediate family members (defined as any relative by blood or marriage, or foster and adopted children) of qualifying individuals.
Branches
1 branch in New Mexico
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New Mexico
1 branch
- LOCO Credit UnionMain office808 Washington Ave, Alamogordo, NM 88310Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 12.95% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 3.20% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -0.39% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $46 | $59 | — |
- CapitalNet worth ratio12.95%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late3.20%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-0.39%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$46Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of LOCO Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.